Page 94 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:11 PM DUBAL Holding stake in UAE's biodiesel manufacturer BiOD
innovative businesses. We are confident that

this collaboration will not only contribute to

sustainable development in the UAE but also

set a precedent for environmental responsibility

worldwide.” Ahmad Hamad Bin Fahad
CEO – Dubal Holding

BiOD’s CEO, Shiva Vig, expressed that, “We are thrilled to welcome DUBAL

Holding as a strategic partner. This is not just an investment in our company but a

testament to our shared vision for a sustainable future. We are proud to contribute

to the UAE’s green economy and look forward to making even greater strides in

renewable energy with DUBAL Holding’s support. I also want to acknowledge our

advisors at Ideal Capital for their crucial role in facilitating this deal.”

The collaboration between DUBAL Holding and BiOD marks a significant

milestone in the pursuit of sustainability and innovation in the energy sector. It not

only highlights the UAE’s leadership in green technology but also sets a powerful

example of how strategic partnerships can drive substantial progress towards a

cleaner, more sustainable future.

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